Meaning of the word "economic crisis" in English
What does "economic crisis" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
economic crisis
US /ˌiː.kəˈnɑː.mɪk ˈkraɪ.sɪs/
UK /ˌiː.kəˈnɑː.mɪk ˈkraɪ.sɪs/
Noun
1.
a situation in which an economy experiences a sudden downturn, characterized by a decline in economic activity, rising unemployment, and financial instability
Example:
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The country is facing a severe economic crisis.
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Many businesses closed during the last economic crisis.
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